Index funds track the market, for a very low fee.chappanteekli wrote: ↑ Which exact index funds? Do you mind recommending a few? As I stated before, I would like to invest 100K. If you don't mind providing a breakdown, it'll be really helpful. I can then do my own research just to understand them better before investing.
Thank you so much everyone for all your help so far. It is truly appreciated.
Research TD e-series funds, which are the lowest cost indexed mutual funds in Canada.
Or buy XAW, VAB, VCN in some combination (depending upon your risk tolerance).
For reference, I have an equivalent of 50% in XAW, 25% in VCN and 25% in VAB based upon my 25+ year time horizon. I add to this position on a regular basis and I don't care what the market does.
My benchmark is 7% average return per year, which is a bit on the conservative side.
Good luck!